Insider Selling: ACM Research (NASDAQ:ACMR) Director Sells $405,650.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $405,650. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ACM Research Trading Up 1.2%

NASDAQ ACMR traded up $0.93 on Thursday, reaching $78.52. The company had a trading volume of 810,812 shares, compared to its average volume of 1,450,056. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 37.39 and a beta of 1.96. ACM Research, Inc. has a fifty-two week low of $24.93 and a fifty-two week high of $127.19. The business has a 50 day moving average of $91.66 and a two-hundred day moving average of $70.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. The business had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.ACM Research’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Analysts forecast that ACM Research, Inc. will post 1.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Seaport Research Partners initiated coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Morgan Stanley restated an “overweight” rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Craig Hallum restated a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research report on Monday, August 10th. Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $118.33.

Institutional Trading of ACM Research

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares during the period. Leonteq Securities AG bought a new stake in ACM Research in the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of ACM Research by 381.0% during the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 861 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.